Car Loan Ajeetgarh

Best Banks for Car Loan in Ajeetgarh

Car Loan Ajeetgarh Features

⍟ Loan Approval in 30 Minutes
⍟ Lowest Rate of Interest
⍟ Up to 100% on Road Loan
⍟ Minimum Documentation
⍟ Paperless Process
⍟ Flexible Repayment
⍟ Zero Foreclosure
⍟ 24 x 7 Online Payment Facility
⍟ No Hidden Charges

The streets of India are a difficult place to traverse, you need a reliable car for your commute. If an individual lacks immediate cash to buy a car, he can take a car loan from a number of banks and lending institutions, at really reasonable rates nowadays. Dialabank can help you sort through a sea of banks and offers and help you choose a loan that’s best for you.

Car Loan Ajeetgarh Eligibility Criteria

The car loan eligibility requirements are as follows in Ajeetgarh:

Salaried Individual	Age – 21 years to 60 years Net Monthly Income – Minimum ₹ 20,000 Employment Duration – 1-year minimum Income Eligibility – Based on Form 16 and salary slip
Self-Employed Individuals	Age – 21-65 years of age Minimum ITR – Rs.2 lakh Employment Duration – Minimum 3 years Income Eligibility – Depends on the latest Income Tax Returns
Self-Employed Non-Individuals (Company/Partnership)	Minimum ITR – Rs. 2 lakh Employment Duration – 3 years minimum The applicant has to present IT returns and audited financials of 2 years with Calculated Income.
Priority Customers	At least 6-month vintage Average Quarterly Balance – 2 quarters balance at a minimum of Rs.1 lakh Maximum Loan Amount – 3 times the Average Quarterly Balance of the last 2 Quarters

Car Loan Ajeetgarh EMI Calculator

Car Loan Ajeetgarh Fees & Charges

Charges	New Car Loan	Used Car Loan
Interest Rate	7.35% per annum	11.80% p.a. to 13.80% p.a.
Car loan Processing fees	0.5%	0.5%
Issuance of Duplicate Repayment Schedule Charges	Around Rs.500	Around Rs.500
Foreclosure Charges	0.06	0.06
Penal Interest	2% PM	2% PM
Car loan Part Payment charges	6% of the amount	6% of the amount
Cheque/Instrument Swap Charge	Around Rs.500	Around Rs.500
Documentation Charge	Around Rs. 500	Around Rs. 500
Issuance of Duplicate No Dues Certificate Charges	Around Rs. 500	Around Rs. 500
Registration Certification Collection Charge	Around Rs. 200	Around Rs. 200
Cheque Bounce/Instrument Return Charges	Around Rs. 500	Around Rs. 500
Issuance of Duplicate Statement Charges	Around Rs. 500	Around Rs. 500
Loan Cancellation/Re-booking Charges	Around Rs. 1000	Around Rs. 1000
Issuance of Credit Report	Around Rs. 50	Around Rs. 50

Car Loan Ajeetgarh Fees and Charges : Leading Banks – Apr 25 2024

Bank	Processing Fee	Prepayment Charges
HDFC Bank Car Loan	(1999 - 4999) + Tax	2%, Nil foreclosure charges after 24 months
Axis Bank Car Loan	1 % to 2.50%	Nil
Private Bank Car Loan	0.25% to 1.50%	2%, Nil foreclosure charges after 36 months
SBI Car Loan	500/- to 0.50%	Nil
Kotak Car Loan	1% to 2%	2.25% of fore closure amount if closed 1 month ahead of the tenure.
IIFL Car Loan	Nil	Nil
Muthoot Car Loan	Nil	Nil
Manappauram Car Loan	Nil	Nil
PNB Car Loan	0.70% to 1%	Nil
Canara Bank Car Loan	0.01	Nil
Andhra Bank Car Loan	Nil	Nil

To check Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates

Car Loan Ajeetgarh Documents Required

Documents required for car loan are as follows:

Salaried Individual

Category	Documents Required
Identity Proof (Any 1)	Passport Voter ID Aadhar Card Driving License
Address Proof (Any 1)	Aadhar Card PAN Driving License Electricity Bill
Date of Birth Proof(Any 1)	Passport Birth Certificate High School Marksheet Driving Licence
Signature Proof(Any 1)	PAN Bankers Verification Passport
Income Proof	Salary Slip and latest Form No.16
Bank Statement	Last 6 month Bank statement
Employment Continuity Proof	Job card by NREGA ITR of Form no. 16 Salary Slip mentioned with joining date Letter of Appointment

Self-Employed Individuals

Category	Documents Required
Identity Proof (Any 1)	PAN Card Passport Voter ID Aadhar Card
Address Proof (Any 1)	PAN Card Voter ID Passport Electricity Bill
Date of Birth Proof (Any 1)	Birth Certificate Passport Driving Licence PAN
Signature Proof (Any 1)	PAN Bankers Verification Passport
Bank Statement	Bank statement of last 6 months
Employment Continuity Proof	Latest ITRs Shop & Establishment Act Certificate Shop & Establishment Act Certificate Sales Tax or VAT Certificate
Business Proof	Registration Certificate Telephone Bill/Electricity Bill Shop & Establishment Act Certificate SSI or MSME Registration Certificate

Self-Employed Non-Individuals:

1. Partnership Firms/Societies

Category	Documents Required
Identity Proof (Any 1)	Driving Licence PAN Card Aadhar Card Passport
Address Proof (Any 1)	Electricity Bill/Telephone Bill Aadhar Card Driving License Voter ID
Income Proof	Audited Balance Sheet P&L Account ITR for the previous 2 years
Bank Statement	Last 6 month
Business Continuity Proof	Company ITR of the last 2 years Audited Balance Sheet TAX registration Certificate Current Account Statement
Additional documents	Letter of Authority or PAN Card

2. Private Limited/Limited Companies

Category	Documents Required
Identity Proof	The latest copy of MOA and AOA Copy of Incorporation
Address Proof (Any 1)	SSI/MSME Registration Certificate Telephone Bill Electricity Bill Shop & Establishment Act Certificate Sales Tax Certificate
Income Proof	Audited Balance Sheet P&L Account and ITR for the previous 2 years
Bank Statement	Previous 6 Months
Business Continuity Proof	P&L account and ITR of the Company of the past 2 years Audited Balance Sheet Shop & Establishment Act Certificate
Additional documents	List of Shareholding partners and Directors Board Resolution PAN Card Certificate of Commencement of Business for Ltd. Co.

How to Get the Best Car Loan Interest Rates in Ajeetgarh

Lenders in Ajeetgarh offer a number of plans with varying interest rates when it comes to car loans, but all of them are comparatively reasonable. To get car loans in Ajeetgarh with the lowest Interest rates, follow the steps below:

Choose a short repayment tenure – Lots of car loan applicants believe that long repayment tenures are better because the EMI’s on them are quite low. They don’t seem aware of the fact that lenders charge higher interest rates from people with longer repayment plans. If the borrower wants to save some money on their car loan, they should consider a short repayment tenure.
Research and compare different lenders – If you want to get a nice deal on your car loan, you must first compare the plans offered by different banks. Dialabank can help you out here; our representatives can help you figure out which bank in your vicinity offers the lowest interest rates.
Maintain an acceptable debt-to-income ratio – The debt-to-income ratio of an individual helps measure how much of the borrower’s income goes toward paying off an existing loan’s repayment. If the borrower’s debt-to-income ratio is low, they have a better chance of getting a loan approved.
Maintain a good credit score — Banks and NBFC’ss consider a credit score of above 750 to be healthy. You can check your credit scores regularly with Dialabank’s “Free Credit Score” service to guarantee you have a good credit score at the time of applying for a car loan. If your credit score is low, you can take remedial actions and fix it before applying for a loan.

How to Apply for a Car Loan in Ajeetgarh?

Applying for a car loan in Ajeetgarh is a pretty easy process when Dialabank is by your side. Follow the following steps to apply for a car loan:

Visit Dialabank’s official website.
Click on the car loan option available on the website menu.
Fill in the required fields regarding your car type and your income.
Wait as our relationship manager will instantly get in touch with you on the number you provided.
You can also get in our touch at 9878981166.

Which Bank in Ajeetgarh Offers the Best Car Loans?

Many lenders, including SBiI, HDFC, and Muthoot offer vehicle loans in Ajeetgarh. The best lender for you is one that can provide you with the loan amount you need at a reasonable interest rate and can disburse funds as fast as feasible. The borrower should always compare vehicle loans from various lenders before applying for one that meets all of his needs.

Car Loan for Major Car Manufacturers in Ajeetgarh

TABLE WILL APPEAR

Processing Fees / Prepayment Charges on Car Loan Ajeetgarh

Category	Details
Processing Charges	1999 - 4999 + Tax
Prepayment	No prepayment is allowed until 12 EMIs are paid
Preclosure	No foreclosure is allowed until 12 EMIs are paid
Prepayment Charges	13-24 months: 2% of loan principal outstanding
Prepayment Charges	>36 months: Nil Charges
Stamp Duty	As per state laws
Cheque Bounce Chgs	₹ 550/chq + GST
Floating Rate of Interest	Not Applicable
Overdue EMI Interest	2% p.m.(on overdue amount)
Amortisation Schedule Chgs	Rs 200 + GST

CIBIL Score Required for Car Loan in Ajeetgarh

CIBIL score is the score that a banks check before it processes your loan application. You can also check your CIBIL score on the CIBIL website so that you can understand how to make your CIBIL score better and also make a better saving on the interest rates and may also get a better offer from the banks. A good CIBIL score generally ranges from 750 to 900.

Car Loan Ajeetgarh Contact Number

You can get a car loan in Ajeetgarh easily by contacting Dialabank representatives on the number 9878981166.

Pre Calculated EMI Table for Car Loan Ajeetgarh

Rate	5 Yrs	4 Yrs	3 Yrs
10.50%	2149	2560	3250
11.00%	2174	2584	3273
11.50%	2199	2608	3297
12.00%	2224	2633	3321
12.50%	2249	2658	3345
13.00%	2275	2682	3369
13.50%	2300	2707	3393
14.00%	2326	2732	3417
14.50%	2352	2757	3442
15.00%	2378	2783	3466

About Ajeetgarh

Ajeetgarh is a town located in Rajasthan. It was found in 1627 and is known for its agriculture equipment.

FAQ’s About Ajeetgarh Car Loan

✅ What options do I have for repaying my auto loan?

Standing Instructions, Post-Dated Cheques, and ECS are three options for repaying your loan. You can coordinate with your local bank and choose an option that suits you the most.

✅ Is a guarantor required for a car loan?

To get a car loan, most lenders will not ask for a guarantor. However, if your income falls below the required minimum criteria the lender has set, you may require the help of a guarantor.